Nordic Business Report-April 27, 2006-TINE Group reports Q1 operating result of NOK0.5m
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The Norwegian dairy group issued its first quarter figures on Wednesday (26 April), posting an operating profit of NOK0.50m, as compared to a loss of NOK35.28m in the first quarter of 2005.
The pre-tax result was boosted by financial items to a profit NOK17.90m, up from a loss of NOK57.44m in the first quarter last year.
Operating revenues amounted to NOK3,506.88m, as compared to NOK3,206.12m in the first quarter last year.
One Norwegian krone (NOK) is worth approximately 0.09 British pounds (GBP).
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